87% households have access to grid power, some do not use electricity at all. Solar tariffs may drop to record lows again.
Power PPAs cannot be terminated during insolvency process. OEMs unlikely to invest in electrification in the short term: Ind-Ra.
DISCOM’s outstanding dues to power GENCOs rise 37% to Rs 1.33 lakh crore in August. India’s installed Renewable Energy capacity stands at 89.22 GW at the end of September.
India’s total wind-solar hybrid capacity to reach 11.7GW by 2023. Power consumption grew 13.65% during first week of October. Average spot power price dips ~3% to Rs. 2.69/unit in September.
Power consumption up 5.6% in September after 6 months of decline. India’s power demand expected to drop 5.5% this fiscal.